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PERSONAL INCOME TAX RATES
(FEDERAL AND ONTARIO)

 

Personal Tax Rates - 2013
Federal
Ontario
Income
Tax Rate
Income
Tax Rate
0 - $11,038
0%
0 - $9,574
0%
$10,528 - $43,561
15%
$9,575 - $39,723
5.05%
$43,562 - $87,123
22%
$39,724 - $79,448
9.15%
$87,124 - $135,054
26%
$79,449 - $509,000
11.16%
over $135,055
29%
$509,001 +
13.6%

The above information is for general interest purposes only. The table shows the tax rate within each given range of earnings. It is not a thoroughly detailed and precise presentation of every rate and variant, and should not be used for serious planning purposes. It presents Federal and Provincial rates in effect at January 1, 2013, and includes Ontario surtaxes.

 

CORPORATION INCOME TAX RATES (FEDERAL AND ONTARIO)

   
Federal Rate
Provincial
Total Tax Rate
Canadian Private, active business on income from $0 - $500,000 (* $500,000 for Ontario tax)
 
11.00%
* 4.5%
15.5%
General Active Business Income  
15%
11.5%
26.5%
Investment income, before refundable amount ( ** )  
34.7%
11.5%
46.2%

The above table is for general interest purposes only. It is not a thoroughly detailed and precise presentation of every rate and variant, and should not be used for serious planning purposes. It presents Federal and Provincial rates in effect at January 1, 2013.

( ** ) A portion of tax paid at this higher rate is refundable at the time the corporation pays taxable dividends if income was earned from investments.

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